Talk:Great Recession: Difference between revisions

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imported>Peter Jackson
imported>Nick Gardner
 
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As I understand it, economic cycles have been around for centuries, with varying amplitudes. Maybe there should be something on why this one is worse than most. Or maybe it's there somewhere but might be more easily found. [[User:Peter Jackson|Peter Jackson]] 10:30, 28 February 2013 (UTC)
As I understand it, economic cycles have been around for centuries, with varying amplitudes. Maybe there should be something on why this one is worse than most. Or maybe it's there somewhere but might be more easily found. [[User:Peter Jackson|Peter Jackson]] 10:30, 28 February 2013 (UTC)
:The reason why the Great Recession differs from most of its predecessors is given at the end of paragraph 6<br>
::'' the recession had the historically rare characteristics of a balance sheet recession[33], which they suffered as a result of the acquisition of toxic debt from the American subprime mortgage crisis. In the United States, Japan and the United Kingdom, the effect of deleveraging by the banks was accentuated by attempts by businesses and households to reduce their inflated levels of debt''.<br>
: I agree, however, that that explanation deserves further emphasis, and I'll see what I can do. [[User:Nick Gardner|Nick Gardner]] 17:35, 28 February 2013 (UTC)

Latest revision as of 17:16, 1 March 2013

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 Definition:  The disruption of economic activity that began with a downturn in 2007 and generated international repercussions that continued through 2012 and into 2013. [d] [e]
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First draft

Comments would be welcome on this, the first draft of this article.Nick Gardner 08:29, 28 April 2010 (UTC)

Nicely done, Nick. Not fond of 'Great Recession'. Reminded of Thomas Berger's Little Big Man, I prefer 'Little Big Recession'. Nothing precludes bigger ones; would we call such 'The Greater Recession'? Anthony.Sebastian 15:32, 2 August 2010 (UTC)

Broader perspective?

As I understand it, economic cycles have been around for centuries, with varying amplitudes. Maybe there should be something on why this one is worse than most. Or maybe it's there somewhere but might be more easily found. Peter Jackson 10:30, 28 February 2013 (UTC)

The reason why the Great Recession differs from most of its predecessors is given at the end of paragraph 6
the recession had the historically rare characteristics of a balance sheet recession[33], which they suffered as a result of the acquisition of toxic debt from the American subprime mortgage crisis. In the United States, Japan and the United Kingdom, the effect of deleveraging by the banks was accentuated by attempts by businesses and households to reduce their inflated levels of debt.
I agree, however, that that explanation deserves further emphasis, and I'll see what I can do. Nick Gardner 17:35, 28 February 2013 (UTC)
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